How to avoid the "B" word, Bankruptcy in 3 easy ways!

HOW TO AVOID BANKRUPTCY in 3 easy ways!

Missing payments and don't know how to pay the next one?

I listened to the 650 AM radio show with guests, Sands & Associates, last night. Great show! What we help clients do is to make it as easy as we can and make a plan that works for them.

There is a limit to how many times someone can go into bankruptcy in their lifetime! Did you know that?

3 x's and then not sure what your plan would be. 

But, why are you going into this problem again, did you not learn the first time?

Trying to pay back by paying one card with the other? It's time to do something!

That new business didn't work out? Now you are stuck with the business debt. Get some assistance in clearing this up.

1. Either get another job, or a part-time income source that will allow to make those extra payments to decrease the debt. Pay off consistently and larger lump sums. Take one at a time to pay off one payment with the largest lump sums and then work on the other credit cards. Until you are back down to only having 2 credit cards only with ZERO balance! Yahoo!

So, many of our clients only have to go to step 2:

     

     2. Compile your list of debt and consolidate into one easy payment either incorporated into your mortgage or a separate loan. See a good Mortgage broker to get help with this. Links below.

Can't make that work?

3.  Go to your lawyer or a Trustee for assistance such as Sands & Associates, many various locations, to get help with a Consumer Proposal. Don't have a lawyer, we can help you with finding one across Canada and in the United States.

What is a Consumer Proposal?

A consumer proposal will allow you to settle your debts for a percentage less than you owe by making an agreement with your creditors. They had mentioned about 30% of the debt to make arrangements to pay back monthly over a 2 year,3 year, 4 year, or 5 year term maximum. Don't miss 3 or more payments with this agreement because it voids your agreement for the repayment. The Consumer proposal will only affect your credit report by an average of 9 months to 1 year with consecutive payments.
A bankruptcy #1 will affect your credit report by 1 yr to 2 years. They will say it's no concern from your history after the 5 year mark.

Let's make it easy! Let's have less stress. 

Tired of the Creditors calling you? Get yourself a Lawyer in your pocket that will look after that for you!

In BC: ask for Kristina at: http://www.askthemortgagediva.ca/

Dreyer Group Mortgage Team, www.dreyergroup.ca

Get yourself a lawyer: 

www.tinaolexa.legalshieldassociate.com

www.yourbackupplan.ca

tina@yourbackupplan.ca

Top 10 things that Mom's need to think about to keep their family safe in case of a tragedy!

Top 10 things that Mom's need to think about to keep their family safe in case of a tragedy!

Tragedy comes in all shapes and sizes. Sometimes the tragedy directly affects your
family by

1. the income that your household brings in 
2. your health where you can't do the same things as you used to do
3. an injury that will affect your job or ability to do your job
4. your house structure burns or floods
5. your personal identity gets comprimised
6. your possessions are stolen
7. a divorce or separation
8. a business partnership failure
9. a business partner death
10. a sickness of a family member
11. a brain injury of a family member
12. coma or paralysis of a family member
13. a legal battle with family

How does a family protect against these types of things? By planning.

How do I plan? 

1. Getting the appropriate insurance that will cover these types of things to ensure you have an income
2. Getting a diary or log of your medical history records
3. Getting a log of your accounts 
4. Keep an up to date file  of what both partners have in coverages, assets and liabilities in case the relationship falls apart- look after yourself!
5. Taking photos and hair samples of family members
6. Organize how to pay your bills if you are unable to do so
7. A log of your personal passwords and keep them strictly safe
8. Keeping a safety net account for raining days
9. Turn off switches for gas and water
10. Have an up-to-date will and power of attorney, living will

A Business to do list is still to come.

There is so much more to do and keep track of. But, planning is easy if it's all laid out in front of you.

Pick up or order your Backup Plan where you have an easy instruction workbook to help you through the process and have everything all in one place. That's really important. But, what's more important? To have everything safe and locked up. Order your APP to make it an even easier process.

For more information: contact Tina 

tina@yourbackupplan.ca

www.yourbackupplan.ca

FB: Your Backup Plan

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